Perhaps, they are of the same level...
From scam coins to shitcoins, then to meme coins, and what next?
The market seems to be more interesting but somehow, it becomes more tricky. Well, I don't look into them, into these coins as I only invest in the top coins in the market. That it looks funny that as the market continues to grow, these memes/shitcoins are also spreading. A lot of people lose their money because of them and we don't know how to stop this.
Topic: MemeCoins becoming the new Shitcoins (Read 425 times)
Meme coin increase in price has been unprecedented! The fact that a legit guy like Elon has been shilling dogecoin is legitimizing Meme coin literarily! If Elon find a use for doge has it were, Meme rally in cryptocurrency will mesmirize the value investor! It will turns head and confuse many even more! Meme coin is transitioning in to something we don't know yet!
do you still believe what elon musk said?To be honest, I had predicted that Elon Musk would destroy crypto with the influence of his tweets, the fact is that now with just one tweet, the crypto market, especially bitcoin, has crashed.
although currently fomo shitcoin (NFT) is hitting the crypto world but in my opinion investing in such coins is very detrimental to us because indeed such shitcoin does not have strong fundamentals so the possibility of rugpul is very large, maybe only a few shitcoins are developed independently serious by the developer as happened to the shiba inu coin in my opinion.
Meme coin increase in price has been unprecedented! The fact that a legit guy like Elon has been shilling dogecoin is legitimizing Meme coin literarily! If Elon find a use for doge has it were, Meme rally in cryptocurrency will mesmirize the value investor! It will turns head and confuse many even more! Meme coin is transitioning in to something we don't know yet!
The current value of the Shiba is much lower as it will have a detrimental effect not only for the newcomers but also for the old traders. Due to the increase in the price of etherium the demand for this currency was much higher in the market with the increase in the price of these the price of other items including Shiva tokens was increasing but now these tokens have come down almost a lot. There is a possibility of loss if you invest in this currency.
Those who've been move because of the fomos and didn't do their research well are now trapped to this project.
This project gave quick profits for early investors who managed to exit before the dumped happened, but for those who bought this coin while there are lots of people who are chilling and attracting them to invest,
That's a big loss for them, seeing the value is continue to fall and seeing their assets losing its value.
It's definitely gonna stay, any memecoin that got listed in popular exchange like binance or coinbase definitely gonna stay but the question is, will the demand still exist? Shiba didn't have their own mainnet and the swap defi they offered looks generic
while doge demand purely coming out of speculation driven by elon's opinion as well. I doubt these meme coin could reach the ATH again since reaching the previous ath already make many people goes broke, it's like gambling after all and an usustainable ones at that.
while doge demand purely coming out of speculation driven by elon's opinion as well. I doubt these meme coin could reach the ATH again since reaching the previous ath already make many people goes broke, it's like gambling after all and an usustainable ones at that.
I wouldn't be so sure about that. Binance and Coinbase are known to delist things. Coinbase took down XRP before remember and Binance has taken down hundreds of tokens after the ICO failures of 2017 so we know for sure being listed once doesn't guarantee a long life.
DOGE is safe, that's always there and was there before the hype but I won't be surprised to see SHIBA disappear.
Well, after all the hype with meme tokens, we'll see who will stay, I think SHIBA will definitely stay, she was the first to achieve such results.
It's definitely gonna stay, any memecoin that got listed in popular exchange like binance or coinbase definitely gonna stay but the question is, will the demand still exist? Shiba didn't have their own mainnet and the swap defi they offered looks genericwhile doge demand purely coming out of speculation driven by elon's opinion as well. I doubt these meme coin could reach the ATH again since reaching the previous ath already make many people goes broke, it's like gambling after all and an usustainable ones at that.
The current value of the Shiba is much lower as it will have a detrimental effect not only for the newcomers but also for the old traders. Due to the increase in the price of etherium the demand for this currency was much higher in the market with the increase in the price of these the price of other items including Shiva tokens was increasing but now these tokens have come down almost a lot. There is a possibility of loss if you invest in this currency.
Well, after all the hype with meme tokens, we'll see who will stay, I think SHIBA will definitely stay, she was the first to achieve such results.
Since Vitalik says he has the Shiba token, Shiba will continue to existbut look at the current price of Shiba, it really fell badly
those who are newbies in the crypto market will be shocked by the current conditions
they got rekt because meme coins lol
Unless I am misinformed he doesn't own or support Shiba. He got the tokens sent for free and he decided to donate them to the Covid relief fund. He did this most likely to stop the network congestion because people were paying 500 Gwei fees and network was ununable. And way too many people were scamming others with all those fake doge clone coins on Defi.
The reason why it is not 0 yet is because the India covid relief said that they won't dump everything at once, they will most likely only sell on rallies because if they cash out too much too fast its going to go to $0 pretty much.
The coin from its peak of like 0.00005000 is almost down 90% or so. And even if you bought the dip, you would still be down at least 50% and I don't see if ever going that high again. It might form some base due to the publicity from the India covid relief however it probably won't hit ATH ever again.
Well, after all the hype with meme tokens, we'll see who will stay, I think SHIBA will definitely stay, she was the first to achieve such results.
Since Vitalik says he has the Shiba token, Shiba will continue to existbut look at the current price of Shiba, it really fell badly
those who are newbies in the crypto market will be shocked by the current conditions
they got rekt because meme coins lol
they want to get rich quick and didn't learn the big risk
coins that don't know where they come from make the rich even richer
Well, after all the hype with meme tokens, we'll see who will stay, I think SHIBA will definitely stay, she was the first to achieve such results.
Since Vitalik says he has the Shiba token, Shiba will continue to existbut look at the current price of Shiba, it really fell badly
those who are newbies in the crypto market will be shocked by the current conditions
they got rekt because meme coins lol
Lots of people are looking for the next 100X coins and fortunately enough those shitcoins or memes dont really disappoint these days so normally if you get in early you walk out with some profits and if it doesnt walkout them too that you might lose a buck Just remember that its shitcoin and anything can go down
Yeah, as I've seen most of the shitcoins follow the model of ponzie scheme where the early bird got the most out of it and that's why many devs actually eager to make such shitcoin because they know if they're early there's bigger chance that they gonna make big profitBut, that's unethical in so many not to mention where they also trying to make newbie fall into their scheme and that's not enough, even big exchange like binance also list such shitcoin lol, it seems many exchange also actually support coin that was made for pump and dump.
Lots of people are looking for the next 100X coins and fortunately enough those shitcoins or memes dont really disappoint these days so normally if you get in early you walk out with some profits and if it doesnt walkout them too that you might lose a buck Just remember that its shitcoin and anything can go down
It wont hurt if you do just invest on the amount you can afford to lose and minding off that you are just buying some lottery ticket and dont anticipate much that these investments would really make you a millionaire.Just like into those behavior on where people do take out some risk on buying a shit coin even if they are aware but some of them did really luckily able to change up their lives with that and this is something
where most people do really believe and hope for this is why we do see still some investment made even we can say that majority of them are shit or not relevant but chances or odds on changing up
someones life is really there and expect on having lots of similar projects popping out because this had been the new trend atm.
They are not becoming the new shitcoin, they are the new shitcoins, and to sincere, my love for vitalik grew more after what he did, not saying I don't feel sorry for those who must have lost a lot of money on this new set of shitcoins, but they should have known better that putting money in a shitcoin is a gamble with big risk.
And to see how dumb this developers are, they wanna burn coins and choose the address of vitalik to burn the coins, if I was vitalik, that would be an insult to my person and would have done the same thing vitalik did, vitalik already knew that this tokens aren't gonna last long and they will all return to zero, so he's probably protecting he's wallet from hodling trillions of shitcoins with absolutely no value in the future, so he did the right thing by sending those funds out of his wallet and using them to help humanity while they still have some value, this will serve as a lesson to this developers and also to those who think investing in meme coins is the best way to make money.
I am not sure how much help they would actually be able to do of the humanity. First thing the crypto indian fund isn't really realising them as quickly as they should have which means the total supply might not get realized even after Covid is over. On the other hand if they try to realise it immediately they won't even get around 2-3 million for all these coins. So 1 Billion is just a hoax value which was created on that time's market price. Market price has falled already so much and would eventually fall further when these tokens come to market for sale. And to see how dumb this developers are, they wanna burn coins and choose the address of vitalik to burn the coins, if I was vitalik, that would be an insult to my person and would have done the same thing vitalik did, vitalik already knew that this tokens aren't gonna last long and they will all return to zero, so he's probably protecting he's wallet from hodling trillions of shitcoins with absolutely no value in the future, so he did the right thing by sending those funds out of his wallet and using them to help humanity while they still have some value, this will serve as a lesson to this developers and also to those who think investing in meme coins is the best way to make money.
Lots of people are looking for the next 100X coins and fortunately enough those shitcoins or memes dont really disappoint these days so normally if you get in early you walk out with some profits and if it doesnt walkout them too that you might lose a buck Just remember that its shitcoin and anything can go down
Well, after all the hype with meme tokens, we'll see who will stay, I think SHIBA will definitely stay, she was the first to achieve such results.
Gradually the crypto space is becoming a huge joke with all this meme coins popping out from different angle thanks to Elon Musk for sending dogecoin to another level of PnD, every lazy dev now thinks this is the easiest way of making money and gullible investors are depositing money freely into their joke.
Lazy devs and worse,,, even lazier investors. The worse thing also about the people buying up all the memecoins is that many of them are even veteran crypto holders who were busy in ICO days, and now tricking new people into buying up memecoins. This is the world where people's first crypto is not Bitcoin and not even DOGE but SHIBA?
I understand doing something similar to what is trending is a good short term business, but with nothing to offer besides being a meme coin or built on speculations, it's clear these are after our genuine coins like eth and the devs or owners of the coin can easily pull of an exit scam leaving us with worthless coins.
Let's try to do our due diligence before investing in new projects.
Let's try to do our due diligence before investing in new projects.
Due to the success of Dogecoin, several meme coins have appeared, all of which have almost the same function. This is used by many developers
to be able to generate profits in the short term, so it's no wonder that many of the new projects end up in scams. Therefore, I strongly discourage
investing in new projects that only copycat from previous projects. It is better to invest in old projects that are certain to be safe, even though
the resulting profit may not be as big as new projects.
We have seen this happen before. Nothing has changed.
They are easily fooled with token that are not real. No real product behind it, not even a single purpose of what they are meant to do in the crypto industry.
Just trash to make people buy cheap coins with a promise of profits in a short run.
I was manipulated by a same case before but it won't happen again. Let them learn their lesson on this one. Perhaps they also need it to see what the real coins should be and support them.
They are easily fooled with token that are not real. No real product behind it, not even a single purpose of what they are meant to do in the crypto industry.
Just trash to make people buy cheap coins with a promise of profits in a short run.
I was manipulated by a same case before but it won't happen again. Let them learn their lesson on this one. Perhaps they also need it to see what the real coins should be and support them.
I understand doing something similar to what is trending is a good short term business, but with nothing to offer besides being a meme coin or built on speculations, it's clear these are after our genuine coins like eth and the devs or owners of the coin can easily pull of an exit scam leaving us with worthless coins.
Let's try to do our due diligence before investing in new projects.
Let's try to do our due diligence before investing in new projects.
When the market crashed, the decline that occurred on the shittoken was quite crazy. can be up to 90% and some even end up with a scam. This is why I'm not really interested in shit tokens. high risk. the risk is too high to be able to force the profits quickly. Some people who buy cheap may get high profits but most end up with fantastic losses. although the marketcap is high
feels like a freaking ponzi, anyone trying to get out when the ship is sinking and truth is, many of the people gonna left behind dying which means some of the buyers of these tokens gonna lost their money to the people who succesfully escape.We're all being sponfed with the information that if we buy these shitcoins we gonna get rich and there's proof of that but those people who has cashed out definitely enters early and escape at the right time meanwhile for those who are late to the party, well you have become the food for those people who cash out.
maybe dex should give title to these coins as ponzi or any warning if possible since many newbies also lured into buying this coin.
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